Blink Charging Co. (NASDAQ:BLNK ) Q4 2024 Earnings Conference Call March 13, 2025 4:30 PM ET Company Participants Vitalie Stelea - Vice President of Investor Relations Michael Battaglia - President & Chief Executive Officer Michael Rama - Chief Financial Officer Conference Call Participants Sameer Joshi - H.C. Wainwright Chris Pierce - Needham Craig Irwin - Roth Capital Partners Mickey Legg - Benchmark Noel Parks - Tuohy Brothers Operator Greetings.
The latest trading day saw Blink Charging (BLNK) settling at $1.04, representing a -1.89% change from its previous close.
Blink Charging (BLNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Blink Charging (BLNK) closed the most recent trading day at $0.97, moving -1.31% from the previous trading session.
The latest trading day saw Blink Charging (BLNK) settling at $1.06, representing a -0.93% change from its previous close.
Blink Charging (BLNK) concluded the recent trading session at $1.24, signifying a +1.64% move from its prior day's close.
Blink Charging Co. (NASDAQ:BLNK ) 27th Annual Needham Growth Conference January 14, 2025 3:00 PM ET Company Participants Michael Battaglia - COO Conference Call Participants Chris Pierce - Needham Chris Pierce Hey, good afternoon, everyone. Thanks for joining us for the afternoon session - one of the afternoon sessions at the 27th Annual Needham Growth Conference.
BLNK receives a contract to supply 429 chargers with a total of 723 plugs for residents living and working on Power Design's projects nationwide.
UBS downgraded Blink Charging to Neutral from Buy with a price target of $2, down from $3. The firm sees a higher probability of slower EV adoption negatively impacting Blink's product sales outlook, the analyst tells investors in a research note. Following the U.S. Presidential election, there is increasing risk that prospective commercial and fleet customers delay decision making on EV charging equipment purchases given the incrementally worse market sentiment around EV policies and adoption rates, UBS adds.
While the top- and bottom-line numbers for Blink Charging (BLNK) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Blink Charging (BLNK) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.16 per share a year ago.
Initiating coverage on Blink Charging with a “Buy” rating, citing attractive valuation post-correction and a promising 24-month investment horizon. Higher EV adoption hinges on ramping up charging infrastructure; Blink's presence in the U.S. and Europe positions it well for growth. Despite muted earnings and cash burn, cost-cutting measures and potential positive EBITDA by 2025 are key triggers for stock upside.